Getir's Gorillas buy to speed up consolidation in Europe's food delivery space
More than a dozen smaller European quick commerce companies failed or were acquired since mid-2021.
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More than a dozen smaller European quick commerce companies failed or were acquired since mid-2021.
Grocery-in-minutes company Getir's $1.2 billion deal to buy rival Gorillas is an important step toward consolidation in Europe's food delivery market, where companies are struggling amid a post-COVID
By Toby Sterling
The quick commerce's financial hurdles this year are leading to further company consolidations.
By Toby Sterling AMSTERDAM (Reuters) - Grocery-in-minutes company Getir's $1.2 billion deal to buy rival Gorillas is an important step toward consolidation in Europe's food delivery market, where companies are struggling amid a post-COVID slowdown.